RegAlert

Rule · BSEC · 25 Apr 2012

Suspension of previous orders regarding acquisition of minimum shares by sponsors/promoters and directors of listed Z category companies

securities

The Securities and Exchange Commission suspends the effect of Orders No. SEC/CMRRCD/2008-178/679 and SEC/CMRRCD/2008-178/680, both dated January 15, 2008, until May 21, 2012. This suspension facilitates the acquisition of shares by sponsors, promoters, and directors of listed 'Z' category companies in accordance with Notifications No. SEC/CMRRCD/2009-193/119/Admin/34 and SEC/CMRRCD/2009-193/120/Admin/35. The order takes immediate effect.

BangladeshBangladesh Securities and Exchange Commission

ORDER
April 25, 2012
No. SEC/SRMIC/94-194/421: Whereas, the Securities and Exchange Commission (herein after referred to as “ the Commission”) considers it to be expedient in the interest of the capital market and the investors in securities, the sponsors/promoters and directors of listed ‘Z’ category companies shall be allowed to acquire shares for the time being, for implementation of the Notifications No. SEC/CMRRCD/2009-193/119/Admin/34 dated November 22, 2011 and SEC/CMRRCD/2009-193/120/Admin/35 dated December 07, 2011; Now, therefore, in exercise of power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Commission hereby suspends the effect of its previous Orders No. SEC/CMRRCD/2008-178/679 dated 15 January 2008 and SEC/CMRRCD/2008-178/680 dated 15 January 2008 till May 21, 2012 to facilitate acquiring the said amount of shares in the Notifications No. SEC/CMRRCD/2009- 193/119/Admin/34 dated November 22, 2011 and SEC/CMRRCD/2009- 193/120/Admin/35 dated December 07, 2011, by the sponsors/promoters and directors of the listed ‘Z’ category companies. This shall have immediate effect. By order of the Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain
Chairman.

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

CMRRCD Order No. 2008-178/679dated 2008-01-15Not in RegAlertCMRRCD Order No. 2008-178/679 dated 2008-01-15 — Not in RegAlertCMRRCD Order No. 2008-178/680dated 2008-01-15Not in RegAlertCMRRCD Order No. 2008-178/680 dated 2008-01-15 — Not in RegAlertSuspension of previous ordersregarding acquisition of mini…2012-04-25 · this documentSuspension of previous orders regarding acquisition of minimum shares by sponsors/promoters and directors of listed Z category companies (2012-04-25)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Supersedes
  • CMRRCD Order No. 2008-178/679 dated 2008-01-15Not in RegAlert

    “the Commission hereby suspends the effect of its previous Orders No. SEC/CMRRCD/2008-178/679 dated 15 January 2008”

Amends
  • CMRRCD Order No. 2008-178/680 dated 2008-01-15Not in RegAlert

    “and SEC/CMRRCD/2008-178/680 dated 15 January 2008 till May 21, 2012”

More like this from BSEC

BSEC published 2 documents in the last 30 days. We email you each new one the day it's published.

Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added